Millennials (those consumers born between 1980 and mid-2000's) account for one-third of the nation's total population. Ken Chaplin, senior vice president at TransUnion, joined Bankrate in August for a podcast about how millennials are using and managing credit.

During the discussion, Ken addressed how millennials approach their finances: "As a group, millennials are much more aware of where they stand financially, due primarily to technology and the advent of folks having access to credit scores, reports and management tools like never before. So, I think in aggregate, millennials are much more aware of credit and where they stand in that spectrum."